Daijiworld Media Network – Mangalore (RJP)
Mangalore, Sep 27: Police have arrested two persons for allegedly duping hundreds of investors by collecting money from them and not returning it as promised.
The arrested are Jeevraj Puranik from Sultan Battery and Roshan D’Souza from Kodikal.
Roshan D'Souza
The duo are said to be the directors of Vruksha Business Solutions on KS Rao Road. The third director of the company is absconding.
As per the complaint lodged at Bunder police station, the firm promised high interest rates to customers, but failed to pay back as promised. The agents too were left in the lurch. The total amount collected is believed to be in crores and hundreds of people are said to be affected.
On Friday September 26, the Bunder police managed to nab the accused from BC Road in Bantwal. The arrested have been remanded in judicial custody and further investigations are on.
The customers and agents of the firm had time and again protested demanding their money back, and each time they were given new assurances. They had even threatened mass suicide.